VEC - VEC STOCK NEWS

Vectrus shareholders have approved the merger with Vertex, marking a critical step toward creating a new entity named V2X, Inc. The company will trade under the new ticker symbol VVX on the NYSE. Vertex shareholders will own approximately 62%, while Vectrus shareholders will hold about 38% of the combined firm. The merger is expected to close in early Q3 2022, pending customary closing conditions and regulatory approvals. The combined company aims to enhance mission solutions for defense clients, providing increased efficiencies and better resource utilization.

Vectrus, a global government services provider, will present at the Stifel 2022 Cross Sector Insight Conference in Boston on June 7 at 8:35 a.m. Eastern time. The event will feature a live audio webcast available at this link, and a replay will be accessible for 90 days post-event. Vectrus, headquartered in Colorado Springs, Colo., has over 8,100 employees and generated $1.8 billion in sales in 2021. The company focuses on mission support across various sectors to improve efficiency and national security.

Vectrus, Inc. (NYSE: VEC) has announced its participation in the Jefferies IT Services Summit on June 1, 2022, at 2:00 p.m. Eastern time. The company's management will deliver an address, which can be accessed via a live audio webcast. Vectrus, headquartered in Colorado Springs, has over 70 years of experience providing mission support services to military and government clients, with 2021 sales reaching $1.8 billion. The webcast will be available for replay for 90 days following the event.

Vectrus, Inc. (NYSE:VEC) reported a 5.2% year-over-year revenue increase in Q1 2022, totaling $456.5 million. Operating income was $5.2 million, with adjusted EBITDA at $18.2 million (4.0% margin). Despite challenges from military withdrawals, the company expanded its work with Army, Navy, and National Security clients. Fully diluted EPS fell to $0.24 from $1.02 a year prior. Cash used in operations increased to $26.4 million. Net debt reduced to $96.8 million. Vectrus reiterated its full-year guidance for 2022.

Vectrus, Inc. (NYSE: VEC) is set to release its financial results for the first quarter ending April 1, 2022, on May 10, 2022, after market close. Following the announcement, senior management will host a conference call at 4:30 p.m. ET, offering a live webcast and slide presentation via the Vectrus Investor Relations website. Participants can access the conference call by dialing in, with a replay available for one year on the company's website.

In 2021, Vectrus generated $1.8 billion in sales, showcasing its long-term relationships and expertise in mission support.

Vectrus, Inc. (NYSE: VEC) has been selected by the Department of Defense to finalize application development for a 5G Smart Warehouse at Naval Base Coronado as part of a $600 million testing initiative. Vectrus demonstrated its Converged Environment solution, designed to tackle operational challenges. This smart warehouse will enhance logistics operations, improving efficiency and national security through advanced technology.

Vectrus reported its fourth quarter and full-year 2021 results, highlighting a 28% revenue growth year-on-year, totaling $1.784 billion. The fourth-quarter revenue was $419 million, an 18% increase from the previous year, driven by acquisitions and organic growth. Operating income stood at $10 million with an adjusted EPS of $0.90. The 2022 guidance anticipates revenue between $1.82 billion and $1.86 billion. The company maintained a solid balance sheet, reducing debt by $73.6 million and reporting a backlog of $5 billion.

Vectrus and Vertex Company announced a merger to form a leading global provider of mission-essential solutions, expected to close in Q3 2022. The combined entity aims for $3.4 billion in pro forma revenue and $283 million in adjusted EBITDA, enhancing technology and service capabilities. The merger promises $20 million in annual cost synergies and a pro forma backlog of $11.3 billion, indicating strong revenue visibility. Vectrus shareholders will own 38% of the merged company, with Vertex shareholders owning 62%. Leadership will consist of executives from both companies.

Vectrus, Inc. (NYSE: VEC) is set to release its 2021 fourth quarter and full year financial results on March 10, 2022, after market close. A conference call for investors will be held at 4:30 p.m. ET on the same day. U.S. participants can join by dialing 844-825-9789, while international participants can call 412-317-5180. A replay will be available for one year on the company’s website.

With over 70 years of experience, Vectrus provides critical mission support globally, employing around 9,200 staff in 27 countries and generating $1.4 billion in sales in 2020.